'There are various components included in Computerized Accounting System', identify the set of these various components:
'There are various components included in Computerized Accounting System', identify the set of these various components:
Solution
✅ Correct Option: 1
A computerised accounting system is built on five interlinked components: hardware, which is the physical equipment; software, the accounting programs; people, the users and operators; procedure, the defined method of processing; and data, the raw facts fed in. Options that omit data or add items like reports and ledgers, which are outputs rather than components, are incomplete.
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